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Subject: Michael Moore's: capitalism a love story
usajoe1    9/26/2009 8:18:12 PM
I want to know if any one here is going to watch this hypocritical, socilaist, POS! human beings new movie.
 
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buzzard       9/27/2009 10:39:28 PM
Moore's  biggest fault in this movie is blaming "capitalism" when no one on Wall St. practices or has ever practiced capitalism.  If they did, there would be millions of unemployed bankers/MBAs/consultants in NYC, Chicago and DC.
 
Spot on Nan. Great post. 
 
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usajoe1       9/27/2009 10:59:21 PM
Moore's  biggest fault in this movie is blaming "capitalism" when no one on Wall St. practices or has ever practiced capitalism.  If they did, there would be millions of unemployed bankers/MBAs/consultants in NYC, Chicago and DC.


God, Nanhe, every now and then you come through with a gem that makes me all the more pissed off when you revert to form the rest of the time.  Well said.

Indeed!
 
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warpig       9/27/2009 11:15:03 PM






But Nan, whether what was being practiced by Wall Street was technically pure capitalism or not, there is something wrong with what is being practiced. Maybe Moore should have picked a better title but the premise is still that the way business was/is being done is flawed. 





Nan is right. The people he was mentioning don't like capitalism. They like socialism, which they pay off bureaucrats and get insider information to rob us suckers. This is the highest form of thievery that George Soros and his friends practice all the time.


 
To quote the great "capitalist," John D. Rockefeller, "Competition is a sin."

 
 
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sentinel28a       9/27/2009 11:34:37 PM
Rockefeller also lowered the price of kerosene to eight cents a gallon, and made Standard Oil's purpose to be to provide gas at the lowest price to the consumer.  He also gave away half of his fortune to charity.
 
I won't make any excuses for Rockefeller's heirs, but the idea that the captains of industry in the late 19th Century were all turds is flat wrong. 
 
If Michael Moore thinks capitalism is so wrong, he can give his fortune to me.  I'll make sure it's well spent. 
 
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buzzard       9/28/2009 9:33:30 AM
I read an interesting article about Alcoa a while back. For a long time they were pretty much the monopoly producer of aluminum in the U.S. They accomplished this via pure efficiency and economy of scale. It was studied at the time and shown that it was pretty much impossible for anyone to get into the market since Alcoa simply sold their aluminum for as low a price as possible. They did this even when they held the monopoly position (for an extended period), and never abused their position.
 
Of course, the Feds broke them anyway. GO FEDS. 
 
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Nanheyangrouchuan       9/29/2009 11:41:31 PM

Rockefeller also lowered the price of kerosene to eight cents a gallon, and made Standard Oil's purpose to be to provide gas at the lowest price to the consumer.  He also gave away half of his fortune to charity.

 

I won't make any excuses for Rockefeller's heirs, but the idea that the captains of industry in the late 19th Century were all turds is flat wrong. 

 

If Michael Moore thinks capitalism is so wrong, he can give his fortune to me.  I'll make sure it's well spent. 


He also forced a young Ford Motor Company to switch from burning ethanol/methanol to burning gasoline to benefit Standard Oil.  The money given to charity was blood money that has cost this country so dearly.
 
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Nanheyangrouchuan       9/29/2009 11:43:29 PM

I read an interesting article about Alcoa a while back. For a long time they were pretty much the monopoly producer of aluminum in the U.S. They accomplished this via pure efficiency and economy of scale. It was studied at the time and shown that it was pretty much impossible for anyone to get into the market since Alcoa simply sold their aluminum for as low a price as possible. They did this even when they held the monopoly position (for an extended period), and never abused their position.


 

Of course, the Feds broke them anyway. GO FEDS. 


Too bad the feds won't break AIG or a few others.  "Too big to fail" should paint a huge Sherman Act bull's eye on a company's back.
 
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buzzard       9/30/2009 9:57:10 AM

Too bad the feds won't break AIG or a few others.  "Too big to fail" should paint a huge Sherman Act bull's eye on a company's back.
 
 While I fully agree that "Too big to fail" is disreputable nonsense as an excuse to let a company screw the pooch and have taxpayers bail them out, AIG has been pretty much broken. They have already split into a couple companies with their insurance business breaking off from the financial section which got them into this mess.
 
AIG the insurance company was, and is doing just peachy (the insurance group has a new name now which I don't recall). It's a competent insurance company which provides insurance in a wide variety of fields. It's only when Hank Greenberg(their founder) got chased away from the company by Elliot Spitzer that they got into the derivatives idiocy and that's what lead to their collapse. 
 
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Nanheyangrouchuan       9/30/2009 8:35:24 PM
AIG has been pretty much broken. They have already split into a couple companies with their insurance business breaking off from the financial section which got them into this mess.
 
 
As a completely seperate company or a seperate division under the AIG umbrella?  A big difference and I doubt AIG would let such an actual split up happen without a big lobbyist fight.
 
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buzzard       9/30/2009 10:56:49 PM
As a completely seperate company or a seperate division under the AIG umbrella?  A big difference and I doubt AIG would let such an actual split up happen without a big lobbyist fight.
 
 I have a buddy in their insurance division, I'll have to ask him, but I had gotten the impression from him that it was a clean break. The insurance part of the company didn't want the financial piece continuing as a boat anchor.
 
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